ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

GLGL Glg Life Tech Corp (MM)

0.79
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Glg Life Tech Corp (MM) NASDAQ:GLGL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.79 0 01:00:00

Izard Nobel LLP Announces Class Action Lawsuit Against GLG Life Tech Corporation

19/12/2011 10:30pm

Marketwired


Glg Life Tech Corp (MM) (NASDAQ:GLGL)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Glg Life Tech Corp (MM) Charts.

The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of GLG Life Tech Corporation ("GLG" or the "Company") (NASDAQ: GLGL) between February 1, 2011 and November 13, 2011, inclusive (the "Class Period").

The Complaint charges that GLG and certain of its officers and directors violated the federal securities laws by issuing a series of materially false statements about the Company's business condition and performance. Specifically, the Complaint alleges that officials at GLG concealed material adverse facts about: (i) the truth surrounding GLG's production issues; (ii) the poor consumer response to the Company's signature All Natural Zero and Zero Calorie (AN0C) and stevia product lines; and (iii) that GLG would not meet its earnings projections.

On October 6, 2011, GLG issued a press release containing a partial acknowledgement the Company was experiencing production, demand, and distributor issues that were impacting its business. Then, on November 14, 2011, the Company announced disappointing financial results for the fiscal quarter ending September 30, 2011. These results contained the additional acknowledgement that, in response to ongoing production and demand issues, GLG "decided to temporarily discontinue providing formal financial guidance in revenues, EBITDA and capital expenditures."

If you are a member of the class, you may, no later than February 13, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/glglifetechcorporation/, or contact Izard Nobel LLP toll-free: (800)797-5499, or by e-mail: firm@izardnobel.com. For more information about class action cases in general, please visit our website: www.izardnobel.com.

CONTACT: Nancy A. Kulesa (800) 797-5499 www.izardnobel.com Email Contact

1 Year Glg Life Tech Corp (MM) Chart

1 Year Glg Life Tech Corp (MM) Chart

1 Month Glg Life Tech Corp (MM) Chart

1 Month Glg Life Tech Corp (MM) Chart

Your Recent History

Delayed Upgrade Clock